Rowland Carmichael Advisors Inc (Scottsdale)

Name: Rowland Carmichael Advisors Inc
Address: 6720 North Scottsdale Road, Scottsdale, AZ, 85253 4426
Telephone: 480-421-2660

Rowland Carmichael Advisors Inc is a large advisory firm based in Scottsdale. It manages $321.77 million of regulatory assets for 625 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Nebraska, and 3 other states.

Rowland Carmichael Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rowland Carmichael Advisors: assets under management

The assets under management (AUM) of Rowland Carmichael Advisors Inc is $321.77 million. The firm's AUM has grown by 46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $319.15 million in discretionary accounts and $2.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $518.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $262.21 thousand.

Rowland Carmichael Advisors has custody of $37.55 million in cash and securities for 59 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rowland Carmichael Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothly Lee Rowland serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Timothly Lee Rowland is high net worth individuals with 59 clients and $176.98 million of assets under management. Among the 9 most similar advisory firms, Rowland Carmichael Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $321.77 million for 214 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Rowland Carmichael Advisors doesn't advise any private funds.

Careers at Rowland Carmichael Advisors Inc

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Timothly Lee Rowland has been acting as President since 1 Jul 1986. Corey Marshall Bird joined the executive team most recently as the Principal And Wealth Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothly Lee Rowland	Chairman	1 Jul 1986	50% - 75%	730148
David Lee Carmichael	President	1 Jul 1986	50% - 75%	1070188
Janice Lee Orick	Vice president of operations and chief compliance officer	1 Sep 1998	Other	2604951
Corey Marshall Bird	Principal and wealth manager	1 Jan 2017	Other	4588004
Jaron David Carmichael	Principal and wealth manager	1 Jan 2017	Other	5462919

Based in Scottsdale

The principal office where Rowland Carmichael Advisors Inc performs its advisory services is located at 6720 North Scottsdale Road, Scottsdale, AZ 85253 4426, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 480-421-2660 or by fax 480-421-2661. The normal business hours are 7:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at rowlandcarmichael.com.